The global UV Fluorescing Ink Market size was valued at USD XX million in 2017 and is expected to witness a CAGR of XX% during the forecast period. UV Fluorescing ink consists of material that glows when exposed to a specified wavelength light beam such as ultraviolet ray as well as phosphorescent material which begins to glow immediately after extinguishing the illuminating light source.

The global UV Fluorescing ink market is majorly driven by factors such as high growth of population, escalating demand for branding of processed food, and government initiatives have led to increased demand for customized UV Fluorescing Ink from both the developing and developed economies leading to enormous growth opportunities for the market.

Rising demand in several printing applications, due to its superior characteristics which includes high bonding qualities, reduction in drying time and low volatile organic compound (VOC) content is anticipated to accelerate the market growth. Technological developments in the field have resulted in low fading risk, bubble formations and de-lamination, leading to escalated market demand.

Moreover, the rigorous usage of UV fluorescing ink in the packaging sectors for printing barcodes and several labels have also raised the consumption demand for UV fluorescing ink. However, high initial costs and fluctuating prices of raw material prices are anticipated to hinder the market growth during the forecast period.

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